Dovenmuehle Mortgage Trims It’s Staff but Isn’t Kicking the Can

• Illinois-based business, Dovenmuehle Mortgage, which has its dapper fingers in every one of the fifty state pies, collecting monthly mortgage payments on behalf of a cavalcade of lenders and investors, says it’s trimming the fat off its HQ workforce.
• But don’t break out the tissues and the job-finding websites yet – according to the big cheeses at Dovenmuehle, they’re not pulling the plug on their operation entirely. Seems there’s still a few mice left to catch in the great Mortgage Wilderness.
• This mortgage middleman, that has traditionally straddled the line between homeowners and the financiers who are ever-eager to lend them cash, has decided the time is ripe to sanitize its office seating arrangement. A sort of corporate spring-cleaning, if you will.
• Why the sudden trim? Well, it appears the company’s nightlight is running out of batteries thanks to the Great 2020 Parade of Pajamas that saw more people working at home in their fuzzy slippers than ever before. Dovenmuehle found employees can be just as productive in PJs and have decided to roll with the change.
• But before you start organizing the ‘Job Farewell Party’, there’s no need for panic. The company is as bent on gnawing through the tough rind of mortgage operations as ever. They’ve decided to keep their offices humming along, just with fewer bodies filling up the workspace.

Hot Take!

Ah, Dovenmuehle Mortgage, the flavorsome sausage in the endless sandwich of real estate, getting a bit of a squeeze, eh? They’re not throwing in the towel, oh no, they’re merely wringing it out a bit. This Illinois-based financial fairy godmother has been working its magic in all 50 states – easing the complex process of mortgage payments for one and all. But now it seems the company is tightening its belt and shedding some workers from its HQ.

Fear not! Rumors of their demise are greatly exaggerated. The homestead isn’t going up in smoke – it’s more of a controlled burn. More leg room around the office space, less hassle with the coffee machine queue, that sort of thing. Apparently, they’ve realized that workers infected with the ‘work from home’ virus are just as productive (if not more so) as they are in the office. Who knew?

Dovenmuehle, in typical mouse-catching spirit, is forging onward in these interesting times of remote work and digital communication. Their strategy foreshadows a likely trend in the post pandemic business landscape, that of slimming down the physical workforce while beefing up the digital one. If anything, we’ve learned that the world of real estate and mortgage payments is just as unpredictable as your Aunt Betty’s thanksgiving pie. Will it be cherry…or full of nuts?

Original article: https://www.inman.com/2023/12/22/loan-subservicer-dovenmuehle-mortgage-laying-off-212-workers/